BlockBeats News, January 23rd, Crypto asset custody and infrastructure company BitGo (stock code: BTGO) officially listed on the New York Stock Exchange, with the IPO price rising by about 20% from the $18 issue price on the first day of trading, reaching a peak intraday market capitalization of $2.6 billion.
BitGo’s IPO this time issued 11.8 million shares at a price higher than the originally planned $15–17 range, raising a total of approximately $213 million for the company and some shareholders, with a market valuation of over $20 billion. The strong market performance is seen as a positive signal for the potential active IPO period in 2026.
Founded in 2013, BitGo was one of the earliest crypto companies to introduce a multi-signature digital wallet and later expanded into areas such as digital asset custody, trading, and digital banking services, serving institutional and retail customers.
According to recent SEC filings, BitGo achieved $35 million in profit and $10 billion in revenue in the first three quarters of 2025, and achieved full-year profitability for the first time in 2024, with a net profit of $156 million. As of the third quarter of 2025, the platform has 1.71 million users and approximately $104 billion in assets under custody.
BitGo’s successful listing comes against the backdrop of ongoing volatility in the crypto market. The market generally believes that this IPO may open the door for more large tech and financial companies to go public, including rumored entities like OpenAI, Anthropic, SpaceX, Stripe, and Revolut.
